Archie saved $440 and spent the rest of his money. If he increased his savings by 40%, his spending would decrease by 10%. How much money did Archie have?
| |
Spent (%) |
Saved (u) |
| Before |
100%
$440 |
100u |
| Change |
+ 40% |
- 10u |
| After |
140% |
90u |
Increase in savings = Decrease in spending
40% savings =
10u spending 100% savings = 440
1% savings = 440 ÷ 100 = 4.4
40% savings = 40 x 4.4 = 176
10 u spending = 1761 u spending = 176 ÷ 10 = 17.6100 u spending = 100 x 17.6 = 1760 Amount that Archie had
= 440 + 1760
= $2200
Answer(s): $2200
